Decoding GST on Petrol and Diesel: Government Plans, Rates, and Price Comparisons

Summary

The blog examines India's debate on including petrol and diesel under GST and compares the current tax structure with a proposed 28% GST rate. It highlights potential consumer savings and simplified pricing alongside the challenge of securing state consensus. The analysis provides detailed pricing comparisons and discusses the policy implications for the fuel industry.

Key Takeaways

GST inclusion on petrol and diesel is under active debate.
Current pricing relies on excise duty and state VAT, resulting in price disparities.
A unified GST rate could lower retail prices and simplify taxation.
State government consensus is crucial for implementation.